Property News · December 11, 2010

How to become a foreign currency dealer


It takes less than £1,000 and a few minor checks to set yourself up as a foreign exchange dealerIt is as easy as one, two, three to become a currency dealer and take cash from the public in exchange for foreign money. For less than £1,000, you can set up with headed notepaper and a website showing you are approved by both the Financial Services Authority and by HM Revenue & Customs (although neither offers any consumer protection).All you need is a spare bedroom, a computer, and a broadband connection. You can hide your location behind a maildrop and a non-geographic phone number. Some of Britain’s 500-plus small currency dealers operate at this level. Continue reading…

Source : theguardian.com
Read more…How to become a foreign currency dealer

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